A total of 1.76 million patent applications were received by the United Nations World Intellectual Property Office in 2008, the highest number ever recorded throughout its 30-year history. This number saw a 4.5% fall last year, owing to the US and world economic recession. Although as the world economy expects recuperation in the next two years, WIPO sees a brand new surge in patent application filings coming. The countries that are among the top 5 to file patent applications remain to be US, Japan, Germany, Republic Of Korea, and the latest and most surprising entrant, China.
Astutely aware of the current state of economy, many corporations prudently attempt intellectual property protection chiefly by filing patent application. An invention is protected from being imitated by competitor parties in the inventor’s originating country and even across borders.
The first thing to remember in patent application is that timing can mean life and death. The first to file the patent application takes ownership of the innovation, even if this person may not necessarily be the first to have devised the material or merchandise.
Bearing this in mind, patent applicants usually take the Patent Cooperation Treaty path for patent application filing. Through the PCT, an applicant procures a priority date for 30 months as he works the filing of the patent in his own area and in the other 141 member countries of the PCT union where he resolves to pursue patent application as well.
This great advantage has solved the timing and cost matters. Patent applications filed through the PCT harvest the gains of postponing both the profound costs related with individual country filings and also the decision as to which states to enter for 2 years, while retaining an advance priority date.
Preps for patent application through the Patent Cooperation Treaty entail a documentation of the state and range of intellectual property statute law in the inventor’s state, and a foreknowledge of the cogencies of securing patent in other countries.
This information will help set the proper measures to have in filing away a patent application through the Patent Cooperation Treaty.
For more information on patents filing and assistance in patent application through the Patent Cooperation Treaty, talk to us today.
categories: copyright,IP lawyer,trademarks,patents,ideas protection,business idea protection,protecting business ideas,business value,Intellectual property
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